HM CLIMAT
ActiveThe computed 12-month bankruptcy probability of HM CLIMAT is 1.5% (moderate). The 2024 annual accounts show equity of €164k and a net result of €-42k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 61% of 36375 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability1▼-10
Solvency82▲+8
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 1.94 in 2023; short-term debt: 20.8% and cash: 5.8% of total assets), and 43.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.7%
Return on assets
-14.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-42k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
29 d early
2022
59 d late
2021
108 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€164k▼ 20.3%
2023 · €205k
2018: €189k
2019: €191k
2020: €203k
2021: €219k
2022: €231k
2023: €205k
2018 → 2024
Total assets
€289k▼ 31.7%
2023 · €423k
2018: €401k
2019: €379k
2020: €374k
2021: €439k
2022: €404k
2023: €423k
2018 → 2024
Net result
€-42k▼ 65.2%
2023 · €-25k
2018: €2k
2019: €2k
2020: €12k
2021: €16k
2022: €11k
2023: €-25k
2018 → 2024
Working capital
€106k▼ 23.3%
2023 · €138k
2018: €145k
2019: €141k
2020: €149k
2021: €156k
2022: €161k
2023: €138k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€203k-€219k▲ 8.1%€231k▲ 5.2%€205k▼ 10.9%€164k▼ 20.3%
Operating result€18k-€24k▲ 37.9%€23k▼ 4.3%€-21k€-34k▼ 61.6%
Net result€12k-€16k▲ 33.3%€11k▼ 31.1%€-25k€-42k▼ 65.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2024 against €21k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €289k
Fixed assets
€123k▼ 11.1%
Current assets
€166k▼ 41.7%
Equity and liabilities €289k
Equity
€164k▼ 20.3%
Debt
€125k▼ 42.5%
The debt ratio falls from 51.4% to 43.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▼
2023 · €-2k
Cash flow
€-25k▼
2023 · €-6k
Solvency
56.7%▲
2023 · 48.6%
Current ratio
2.77▲
2023 · 1.94
Quick ratio
2.77▲
2023 · 1.90
Debt / equity
0.76▼
2023 · 1.06
ROE
-25.5%▼
2023 · -12.3%
ROA
-14.5%▼
2023 · -6.0%
Interest coverage
-1.78▼
2023 · -0.51
Debt
€125k▼
2023 · €217k
Debt ≤ 1 year
€60k▼
2023 · €147k
Debt > 1 year
€64k▼
2023 · €71k
Income taxes
€0
Staff costs
€0▼
2023 · €373
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€423k€289k▼
Fixed assets21/28€138k€123k▼
Tangible fixed assets22/27€138k€123k▼
Land and buildings22€112k€106k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€0€0=
Leasing and similar rights25€24k€15k▼
Current assets29/58€285k€166k▼
Stocks and contracts in progress3€6k€0▼
Stocks30/36€6k€0▼
Amounts receivable within one year40/41€256k€149k▼
Trade receivables40€218k€96k▼
Other amounts receivable41€38k€54k▲
Cash at bank and in hand54/58€22k€17k▼
Deferred charges and accrued income490/1€543€0▼
Equity and liabilities
Total equity and liabilities10/49€423k€289k▼
Equity10/15€205k€164k▼
Contributions10/11€12k€12k=
Reserves13€52k€52k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€141k€99k▼
Amounts payable17/49€217k€125k▼
Amounts payable after more than one year17€71k€64k▼
Financial debts170/4€71k€64k▼
Amounts payable within one year42/48€147k€60k▼
Current portion of amounts payable after more than one year42€33k€33k▼
Trade debts44€95k€17k▼
Suppliers440/4€95k€17k▼
Taxes, remuneration and social security45€19k€11k▼
Taxes450/3€14k€11k▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48-€0
Accrued charges and deferred income492/3-€850
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61-€170k
Remuneration, social security and pensions62€373€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€16k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€66k
Other operating charges640/8€139€675▲
Gross operating margin9900€-2k€49k▲
Operating profit (loss)9901€-21k€-34k▼
Financial income75/76B€5€2k▲
Recurring financial income75€5€2k▲
Financial charges65/66B€4k€10k▲
Recurring financial charges65€4k€10k▲
Profit (loss) for the period before taxes9903€-25k€-42k▼
Income taxes67/77-€0
Profit (loss) for the period9904€-25k€-42k▼
Profit (loss) for the period to be appropriated9905€-25k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€141k€99k▼
Profit (loss) brought forward from the previous period14P€166k€141k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
31-12
Financial
Highest result since 2018net €16k ▲33.3%
Operating result €24k, net result €16k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €203k ▲6.5%
3 profitable years in a row build equity to €203k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Seraing · 2 establishment units since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Halette 804101 SeraingGround area
592 m²
Building footprint
105 m²
Volume, LiDAR
975 m³
2 parcels, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
HONAY MICHEL SPRL
since 20042.144.346.930
Michel Honay
since 20062.155.604.076
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62058B0196/00M000 | Wallonia | 499 m² | 1 · 35 m² | 10.9 m · 3 fl. |
| 62058A0032/00G002 | Wallonia | 93 m² | 1 · 70 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TJ-SOLAR
BE 0786.425.322
Sint-Niklaas · Eq €164k
Bonne Technics
BE 0764.686.038
Maldegem · Eq €164k
CVTech
BE 0816.809.284
Aalst · Eq €164k
GEVAERT
BE 0453.935.353
Schoten · Eq €164k
ExpAir Ts
BE 0754.929.224
Herve · Eq €164k
Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 4,888 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-2004
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.